Answer:
35.92%
Explanation:
The computation of cost of not taking the cash discount is shown below:-
Discount percentage ÷ (100 - Discount percentage) × (360 ÷ (Full Allowed Payment Days - Discount Days))
= 3% ÷ 97% × 360 ÷ (50 - 19)
= 3% ÷ 97% × 360 ÷ 31
= 0.03093 × 11.61290
= 0.359187
= 35.92%
Therefore for computing Mr. Warner's cost of not taking the cash discount we applied the above formula.
Answer:
The minimum would be the present value of the bonus, which is 5,075.72 dollars
Explanation:
we have to discount the 7,200 dollar bonus at 6% discount rate for 6 years to get the present value of the bonus:
Maturity 7,200
time 6 years
rate 6% = 6/100 = 0.06
PV $ 5,075.7159
Answer:
This has no effect on the period-end balance sheet.
Explanation:
A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
According to the question asked the balanced sheet was prepared before the pay period came so this effect will not affect the balance sheet.
Answer:
A yard.
Explanation:
It is roughly about the same length as a meter.
Answer:
4. The total market demand has not changed
the demand has been adjusted by a change in supply
Explanation:
Movement along a demand curve results from changes in the price of the product. Supply influences price change. Movement along a demand curve means the quantity demanded has increased or decreased due to a price change.
A total change in demand is when the quantity demanded changes at all prices. Changes in customers' preferences or a change in the prices of compliment or supplement products make the entire demand change.
A shift in the demand curve demonstrates a total chan
